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CGI divests a Canadian business processing unit

Stock Market Symbols
GIB.A (TSX)
GIB (NYSE)
MONTREAL, July 21 /CNW Telbec/ - CGI Group Inc, (TSX: GIB.A; NYSE: GIB),
today announced the sale of a Canadian business processing unit providing
claims adjusting and risk management services to the Canadian property and
casualty (P&amp;C) insurance industry. With approximately $70 million in revenue,
the business is being sold to privately-held The Shumka Group. The transaction
is expected to close in early August 2008.
"It is important to specify that CGI remains fully committed to the P&amp;C
insurance industry through its end-to-end IT services offering," said
Michael E. Roach, President and CEO of CGI. "As such, we will continue to
serve our clients by focusing on information technology and by making
significant investments in our intellectual property and in our solutions such
as CGI Edge(TM), GIOS and Ratabase(R)."
About The Shumka Group
The Shumka Group is Canada's largest independent, privately-owned
supplier of claims management services. Established in 1986 with a single
branch in Edmonton, Alberta, The Shumka Group today has grown to become a
national company with 86 offices and more than 600 employees from
coast-to-coast. The Group is currently comprised of three operating entities:
SCM Adjusters Canada Ltd., an integrated insurance services company; Integra
Claims &amp; Systems Management Inc., a claims adjustment and management software
company; and Forensic Investigations Canada, an insurance-related
investigation company. Together, The Shumka Group of companies deliver
world-class service through an uncompromising commitment to innovative
technology, expert staff and solid customer service. Website: www.scm.ca.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent
information technology and business process services firms in the world. CGI
and its affiliated companies employ approximately 27,000 professionals. CGI
provides end-to-end IT and business process services to clients worldwide from
offices in Canada, the United States, Europe, Asia Pacific as well as from
centers of excellence in North America, Europe and India. CGI's annual revenue
run rate stands at $3.8 billion and at March 31st, 2008, CGI's order backlog
was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE
(GIB) and are included in the S&amp;P/TSX Composite Index as well as the S&amp;P/TSX
Capped Information Technology and MidCap Indices. Website: www.cgi.com.
Forward-Looking Statements
All statements in this press release that do not directly and exclusively
relate to historical facts constitute "forward-looking statements" within the
meaning of that term in Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities Exchange Act
of 1934, as amended, and are "forward-looking information" within the meaning
of sections 138.3 and following of the Ontario Securities Act. These
statements and this information represent CGI's intentions, plans,
expectations and beliefs, and are subject to risks, uncertainties and other
factors, of which many are beyond the control of the Company. These factors
could cause actual results to differ materially from such forward-looking
statements or forward-looking information. These factors include and are not
restricted to the timing and size of new contracts, acquisitions and other
corporate developments; the ability to attract and retain qualified members;
market competition in the rapidly-evolving IT industry; general economic and
business conditions, foreign exchange and other risks identified in the MD&amp;A,
in CGI's Annual Report on Form 40-F filed with the U.S. Securities and
Exchange Commission (filed on EDGAR at www.sec.gov), the Company's Annual
Information Form filed with the Canadian securities authorities (filed on
SEDAR at www.sedar.com), as well as assumptions regarding the foregoing. The
words "believe," "estimate," "expect," "intend," "anticipate," "foresee,"
"plan," and similar expressions and variations thereof, identify certain of
such forward-looking statements or forward-looking information, which speak
only as of the date on which they are made. In particular, statements relating
to future performance are forward-looking statements and forward-looking
information. CGI disclaims any intention or obligation to publicly update or
revise any forward-looking statements or forward-looking information, whether
as a result of new information, future events or otherwise, except as required
by applicable law. Readers are cautioned not to place undue reliance on these
forward-looking statements or on this forward-looking information. You will
find more information about the risks that could cause our actual results to
significantly differ from our current expectations in the Risks and
Uncertainties section.